05 February, 2008
Special Promotion for New Clients
Free cash bonus when you open your new live account within the next 30 days. You will receive a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
Open a New Live Account NowTo be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months. For more information about our current and future promotions, contact one of our customers support agents at promotions@forexgen.com , or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you. To know more promotions join us at this link: http://forexgen.com/promotions/index.php________________________________________________________________
| Account Type | Free Cash Bonus |
| Mini Account | 10% of your depositmaximum $250 |
| Standard Account | 10% of your deposit maximum $500 |
05 February, 2008
Live Accounts Contest
Trade, Compete, and Win - Begins the 1st of Every Month! ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest, This is NOT a demo contestthis is a live trading competition open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes. What makes this contest unique? All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter? You don't have to pay any fee to enter this contest, all ForexGen mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com including their "live Account Number". By the end of each month, the highest 5 accounts with the highest profits (including floating P/L) will be granted the following prizes: First place: 50% of the account profit Second place: 40% of the account profitThird place: 30% of the account profitFourth place: 20% of the account profitFifth place: 10% of the account profit(Profits will be added to the live account balance)The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT. Winners will be announced by the 15th of the following month. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com , or you can chat with our representativesYou can also request a call back from one of our agents by sending us your contact number and the best time we can reach you. to know more promotions join us at this link: http://forexgen.com/promotions/index.php
05 February, 2008
Win Cash Prizes
ForexGen has the pleasure to announce the launching of the Demo Account contest on the first of every month. Interested clients who wish to participate in this event shall send an e-mail request on demo.contest@forexgen.com including the following information: - Full name: - Phone number Also provide us with the following identification document: "Certified copy of the information pages of account holder current valid passport or government issued photo ID" After we receive your request we will provide you with further details and with your demo account login information which will be used in the trading contest. By the end of each contest: 1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit 2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit 3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit. The contest starts on the first Sunday of each month at 10 pm GMT and ends on the last Friday of that month at 10 pm GMT. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com , or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you. to know more promotions join us at this link: http://forexgen.com/promotions/index.php
05 February, 2008
Refer a Client
If you have any friends who trade in the Forex market, and may be interested in joining. ForexGen.com, why not get a FREE cash bonus from their trading activities? The referring party will receive $100 USD to their ForexGen account, at the end of the month in which the following criteria are met: 1. The referred party has opened a live standard account of at least $2,500 USD and has traded 20 round turn lots. 2. The referred party has opened a live mini account of at least $250 USD and trades 20 round turn lot, the referring party receives $10 to their ForexGen account. For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com , or you can talk with one of our representatives on the live chat.Also, you can request a call back from one of our agents stating the best time we can call you back.
To know more promotions join us at this link: http://forexgen.com/promotions/index.php
05 February, 2008
Scalping Enabled Account
Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option. Advantages of No Dealing Desk Option· Trade the news without intervention or restrictions· Although spreads may vary in volatile market conditions, they are tried to be kept within the usually limits. · Place scalping orders without intervention or restrictions.· A client-friendly trading environment, No re-quotes.· Ability to place orders inside the spread · Competing rates from multiple banks · Spreads are variable and can move sharply · Ideal for active or professional FX traders For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com , or you can chat with our representatives, you can also request a call back from one of our agents by sending us your contact number and the best time we can reach you. to know more promotions join us at this link: http://forexgen.com/promotions/index.php
05 February, 2008
How to Get Started?
People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading. Step 1: "Practice makes perfect"
Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies. Step 2: "Study, Study, Study".
Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations. Step 3: Manage your money wisely.
You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:
1) How much am I willing to risk?
2) What is my upside and downside potential?
3) What are the market conditions? (Is the market volatile or calm?)
4) What is the logic behind entering this trade?
5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?
Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy. Step 4: Open a Live Account.
If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.
Demo trade. The demo account was designed to help traders gain familiarity with the speed and movements of the market. When you are demo trading, you should learn how to: 1) place market orders to enter a trade, 2) place stop-loss orders to protect your positions, and limit orders to take profits, 3) place OCO orders and If Done Orders to execute more advanced strategies. Step 2: "Study, Study, Study".
Forex traders use fundamental analysis, technical analysis, quantitative analysis and sometimes a combination of all three to make their trading decisions. Fundamental analysis involves the use of economic, financial and political news to determine trading decisions. Technical analysis involves the study of Charts to predict future price movements based on past price patterns and trends. Quantitative analysis consists of the use of preset statistical models and properties in quantifying price formations such as averages, ret cements as well as identifying oversold and undersold situations. Step 3: Manage your money wisely.
You should always be aware of the amount of money in your account before placing a trade. If you think a long-term trend is developing, then you should consider whether you have enough funds to maintain your margin and withstand any movements against your position(s) that may occur. We encourage everyone who opens an account with us to ask themselves the following questions prior to entering each trade:
1) How much am I willing to risk?
2) What is my upside and downside potential?
3) What are the market conditions? (Is the market volatile or calm?)
4) What is the logic behind entering this trade?
5) When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?
Before entering an order, you should consider both your entry and exit points. One of the mistakes most commonly made by traders, especially new traders, is letting emotions get in the way of their strategy. Step 4: Open a Live Account.
If you feel ready to trade this market, fill out our application forms and submit them today. Since the emotional factor may be higher than it was when you were demo-trading (as you are now committing real money), it is essential that you develop an effective strategy while demo-trading and plan to abide by it when trading your live account.
05 February, 2008
Forex Broker
The main participants in forex market can be divided into the following types: banks, some commercial companies and some foreign currency brokers. Broker is the intermediary who helps you access to foreign exchange (forex). Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to clients often extends to technical analysis and research approaches designed to improve client forex trading performance.Choosing a Broker
There are many forex brokers to choose from, just as in any other market. Here are some things to look for:
There are many forex brokers to choose from, just as in any other market. Here are some things to look for:
- Low Spreads - The spread, calculated in "pips", is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. Forex brokers don't charge a commission, so this difference is how they make money. In comparing brokers, you will find that the difference in spreads in forex is as great as the difference in commissions in the stock arena.
- Quality Institution - Unlike equity brokers, forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required (leverage they need o provide). Also, forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). You can find this and other financial information and statistics about a forex brokerage on its website or on the website of its parent company.
- Extensive Tools and Research - Forex brokers offer many different trading platforms for their clients - just like brokers in other markets. These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems. Before committing to any broker, be sure to request free trials to test different trading platforms. Brokers usually also provide technical and fundamental commentaries, economic calendars and other research.
- Wide Range of Leverage Options - Leverage is necessary in forex because the price deviations (the sources of profit) are merely fractions of a cent. Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a broker will lend you for trading. For example, a ratio of 100:1 means your broker would lend you $100 for every $1 of actual capital. Many brokerages offer as much as 250:1. Remember, lower leverage means lower risk of a margin call, but also lower bang for your buck (and vice-versa).
Bottom line: If you have limited capital, make sure your broker offers high leverage. If capital is not a problem, any broker with a wide variety of leverage options should do. A variety of options lets you vary the amount of risk you are willing to take.
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